BProtocol Foundation "Bancor" (BNT) Unregistered Tokens Case

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You will get case updates and receive a payout in case of success
If you would like to actively participate, you will be connected to the attorney
No, you do not pay anything out of your pocket neither to us nor to attorney

W.D. Texas

Court

23-CV-00533

Case number

ANY INVESTOR/USER who suffered losses from BProtocol Foundation "Bancor" (BNT) unregistered securities can JOIN CASE!

On June 12, 2017, Bancor completed its ICO, raising a record $153 million through offering and selling unregistered securities in violation of federal securities laws.

On June 19, 2022, a spike in withdrawals triggered significant payment obligations to LP Program investors. 
Instead of making those payments, they unilaterally purported to “suspend” impermanent loss protection, which meant that withdrawing LPs incurred the very losses that Bancor had promised to “100% protect” against. 
The program also imposed additional severe haircuts on withdrawing LPs, initially without disclosing them at all, but instead simply failing to pay withdrawing LPs amounts they were indisputably owed under the terms of their investment in the LP Program. 
Investors lost tens of millions of dollars as a result. In many instances, the loss was catastrophic for the individual investor.
As a result of the alleged adverse actions and omissions, BNT Investors were seriously damaged.

Alleged Offence

Fraud,

Malpractice,

Negligence,

Breach of Fiduciary duty

Suspected Party

Directors,

Management,

Shareholder,

Influencer,

Hedge Fund

Security Type

Crypto Asset

Trade Direction

Long

Shock Event Date

11 May 2023

Filing date

11 May 2023

Collecting participants…

Created by Stan Vick, Scout

Bancor

Symbol

BNT-USD.CC